Bank of America to price Eagles linked to Euro Stoxx 50, Nikkei 225

By Laura Lutz

Des Moines, Dec. 3 - Bank of America plans to price zero-coupon senior notes structured as Equity Appreciation Growth Linked Securities (Index Eagles) due Dec. 27, 2011 linked to equal weights of the Dow Jones Euro Stoxx 50 index and the Nikkei 225 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return on the basket during each of the 16 three-month periods making up the life of the notes. The return in each period will be capped at between 6.5% and 8.5%, with the exact cap to be determined at pricing. The minimum payout at maturity will be par plus 4%.

The notes are expected to price on Dec. 21.

Banc of America Securities LLC and Banc of America Investment Services, Inc. will be the agents.

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